Camtek Ltd. (NASDAQ:CAMT) Receives $116.57 Consensus PT from Brokerages

Shares of Camtek Ltd. (NASDAQ:CAMT) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $116.57.

Several brokerages recently issued reports on CAMT. B. Riley decreased their price target on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Camtek in a research report on Friday, August 2nd. Northland Securities raised shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research report on Monday, August 5th. Northland Capmk raised shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, StockNews.com downgraded shares of Camtek from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th.

Camtek Stock Down 2.1 %

Shares of Camtek stock opened at $78.94 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 4.29. The company has a 50-day moving average of $83.86 and a 200 day moving average of $95.63. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.55 and a beta of 1.38. Camtek has a 1 year low of $49.64 and a 1 year high of $140.50.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $102.60 million during the quarter, compared to analyst estimates of $101.26 million. Camtek had a net margin of 25.93% and a return on equity of 22.57%. Camtek’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. As a group, sell-side analysts anticipate that Camtek will post 2.45 earnings per share for the current fiscal year.

Institutional Trading of Camtek

A number of institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of Camtek by 4.1% during the 2nd quarter. Blue Trust Inc. now owns 2,721 shares of the semiconductor company’s stock valued at $341,000 after acquiring an additional 108 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in shares of Camtek by 1.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 8,290 shares of the semiconductor company’s stock valued at $1,038,000 after acquiring an additional 120 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of Camtek by 3.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 7,393 shares of the semiconductor company’s stock valued at $926,000 after acquiring an additional 245 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Camtek by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 340 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Camtek by 23,300.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 41.93% of the company’s stock.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.